Natural Gas Prices Climb Toward 7-Week High - The Wall Street Journal
Natural Gas Prices Climb Toward 7-Week High - WSJ
Sept. 28, 2023 9:38 am ET
0832 ET – Natural gas prices climb toward their highest in seven weeks as the new front-month contract for November delivery rises 1.5% to $2.942/mmBtu. The market ended higher for four consecutive sessions heading into today’s action, helped by impressive gains throughout the energy commodity space as crude prices jump to 13-month highs. Natural gas prices are also benefiting from another bout of high pressure settling atop some major Texas cities, which revives cooling demand when other parts of the country are shifting toward heating demand. Attention now turns to weekly EIA storage data at 10:30 am ET. A WSJ survey forecasts an 88 billion cubic feet injection that would be a bit above the five-year average 84-bcf rise. ( dan.molinski@wsj.com)
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a WSJ subscription
Subscribe Now
Already a subscriber? Sign In
What to Read Next
- TurboTax: Save up to $15 with TurboTax coupon 2023
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: 15% OFF DIY Online Tax Filing Services | H&R Block Coupon
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: +30% Off today with this eBay coupon code*
- Groupon: New Customers: 10% Off Included Categories